A trading strategy is a set of rules that clearly define the conditions that must be met to enter a trade. Trading strategies define the necessary conditions for opening deals and include specific rules for entry, exit and capital management, and their employment. It is one of the important tools in the forex market because of its ability to provide an objective and sustainable plan. and verifiable.
Trading strategies can be implemented in two ways:
the trader can enter and exit deals manually according to his strategy.
the trader can activate the transaction, whether it is buying or selling in an automated way through a computer program.
Moving Average, Fibonacci, Bollinger Bands, MACD
🔸Tracking the trend: The trend represents one of the most basic concepts in technical analysis, and trend trading is a classic trading strategy as it was one of the first strategies and will not lose its importance among traders around the world in the future, all thanks to 3 main and simple principles:
A/ Buy if the price trend is heading to the top, ie we are witnessing an uptrend.
B/ Sell if the price trend is heading downwards, i.e. we are witnessing a downtrend.
C/ Wait if the price direction is not moving up or down, but horizontally, that is, we see a sideways trend, that is, the market is stable.